Manulife US REIT - RHB Invest 2023-03-16: Decoding The Potential Bid; BUY

• Media reports have identified Mirae Asset (Mirae) as the preferred bidder to buy Manulife US REIT (SGX:BTOU)’s manager along with a stake in the REIT. The outcome comes as a part of strategic review and – if it materialises – will be a positive catalyst in our view, as we believe the deal addresses key challenges faced by the REIT, i.e. gearing and future growth trajectories.

Mirae is the preferred candidate to buy Manulife US REIT's manager

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• The news comes after a challenging last year for Manulife US REIT, with declines seen in both portfolio occupancy and asset value.

Potential bid a likely panacea for the REIT’s issues.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2024-10-01 Manulife US REIT - Divestment Of Capitol; Cut To NEUTRAL.

Previous report by RHB:
2024-08-06 Manulife US REIT - Focusing On Right Dispositions & Deleveraging.

Price targets by other brokers at Manulife US REIT Target Prices.

Listing of research reports at Manulife US REIT Analyst Reports.

Relevant links:
Manulife US REIT Share Price History,
Manulife US REIT Announcements,
Manulife US REIT Dividend Payout Dates & Corporate Actions,
Manulife US REIT News